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Witco makes $296m in pre-tax profit
The West Indian Tobacco Company Ltd (Witco) has made $296 million in before-tax profit for the six-month period to June 2014. Chairman Anthony Phillip said this represented an increase of 16.7 per cent for the same period in 2013. Profit after tax for the same period was 223.5 million, an increase of 19.2 per cent over the same period in 2013.
The board has approved a second interim dividend of $1.20 per ordinary share payable on August 15.